Evening Star Newspaper, December 6, 1898, Page 10

THE EVENING STAR,” TUESDAY, DECE EMBER 6, McKnew’ Ss, 933 Pa. Avenue. Holiday Exhibition | Of poste Timported Welvet & Velour Sachets & Capes, Furs and High-Ciass Novelties in Suits, From London, Paris and Vienna, Especially Suitable fo Gift-Giving! I gant gift for will intereste holiday exh f the in pecial a lady more ye than novelties High- lass Imported Vel- vet Jackets and Capes. Fors and alts from and Viens While high quallty is the great desider At need not be with prices. ft garments world are Lovely Velonr and Velvet J and box fronts seme med with fur, cu nd bratd-—anc {and finished in the mosr painst nner Prices, $20 to $7: Rich Velour and Velvet trimmed with fur braid to $78.50 Queenly Viennese and Parisstenne Novel- fies in Cloth Capes—iavishly trimmed with jet. brafd and fur $37 to $6 ; High-class Luported Opera Capes and Cloaks in delicate evening shares—bine, lavender, pearl, tap, ete.—fur-trimmed = ; creations in Flectrie Seal Jack- Oe Electric Seal Capes $35 to D Other high-clase novelties in Fur Muffs, Collareites, Boas, etc., at lowest consistent “Imported” Suits. esire to present a lady friend Tailor-made Costume of im- ported make. you will « ne ip fine broadcloths aud Venet in black, green and blue; in the long-wkirt fitting cotaway and other swell style 5, $55, $60, $62.00 and S65. Win. H. icKnew,933Pa. Av. “ou ca mt GE ELECTRIC Your Rugs -and Carpets be SIG “brushed ap’ us have them now takes ont and & i makes : TF FURNITURE apheistered and + recovered. MATT re-mnade. ee Sauer eo stal or Stump Dh Bedding Co., 7th ad K Streets : Empire Carpet Cleaning Works. Most inex- NM pensive fine Whisky | 1 America! “Monti- } cello™ years old— | “galle m—B85c. H $3 be a N. Duvall, Won't trouble you after using “s. ¢ AS" CORN CURE. It never: fails to remove the toe-corn. Equally ef fective in taking out beth hard. and soft without the or ¢ STEV ENS’ ; a Vhi goth and Pa. Ave. 2 macy, 2a BOTTLES ONLY § - > o4 soTe 6 ae: xport’’ Is so Much Finer Than other beers — that there is no comparison be- + tween then “XPoOrt brewed of st hops ? and = malt—is absolutely pure—fully matured—and simply ideal in flavor. We is choi not drink the fn uplettered finest on : Wa hington Reewety: Co. sth& E N_E. : Pt Se OPTS 4 » others in South W. ashington Mc Ought to Come to Us for Toys. This is the toy store par ‘baci of the Southwest. Everything that ie new and pieasing—as well xs all the old favorites in modern dress are bere. Such Teys ax will delight every cbildish heart. Toys that cost ouly a few pennies. Toys that are orth several dollars. CF Come and see our display © prices were never lower. 2 Barker, 5.03 - r OT; aDew ; det. th +28 + POPPA HOD . George Hughes has been appointed fireman at the District bullding by the Commission. ers, vice B. O'Donnell, resigned, at a month- ly walary of $40, Complete line of and | 3 CHAMOIS VE: EST), TECTORS from Soe. up. Q PPPRE HOGS COLO | | \ | ie i Secrdiee PAGES. ‘GOVERNMENT FINANCES Annual Report of the Secretary of the Treasury Submitted, | A YEAR'S RECELPTS AND EXPENDITURES Fiscal Operations Are Discussed at Considerable Tene. BANKING AND CURRENCY QUESTION Difficulty in Adjusting the Coinage in Porto Rico Stated. The Work of the Marine Hospital and Revenue Cutter Services. Th val report of Secretary Gage of the ‘Treasury Departments nade to Cor: lay. It review: work of the various branches of the department and makes important recommendations. The question of a revision of the currenc is treated at length ‘The following is an at “tof the report: Receipts and Expenditures—Fiseal Year IN9s. The revenues of the government from all sources for the fi rended June %. ISUS, Were: From internal reverne st From evstens = 1 By profihs on coinage, by: Desits, vie z From Petstriet of Colucbia From fees. ee F eos patent 1 1 banks sakes of tands Pavy pe and navy hos fends «miscellaneous, sinking fund for Pacitie sale of indian hands customs etc From ratlweys f pm sitles of Frem immigrant fu fees, fires, penalties, payment of interest by Pacitic govern went property From deposits for surveying public Iends From Soldiers’ Home, permanent fund 5 F u donations. . From sales of From sales ef Frem t supply. lands and buildings ordnance material imburxement for cost of wa- District of Colmabla From depredaticns on public lands. - From sale of Kansas Pacific railroad From sale of Union Pacific railroad. From postal service Total receipts ae The expenditures for the were Fo: the civil establishment. includ- ing foreign intercourse. — public Wuildings, collecting the revenues, Itstriet ‘of Columbia, and other miscellaneou I of nees of 1 se Showing In ement zt addition IS EXPOSES establishment. in- and lutrt nts, acest defer and the Spanish w ablishment, ini of new | vessel ment. equipment, havy y the Spenish war m the public debt in postal revennes a detiett to of the same revenues colle period + $86,016,464 75 447 247 GO sted dur- } | custe Miscellancous: Total estimated appropri tions exclusive of sinking fund. Or an estimated deficit of. Operations of the Treasury. The axgregate receipts for the fiscal year, under warrant, as shown by the report of the treasurer of the United States, were £ ), and the disbursements, $827,- 5SS,124.80. There w: quently a de- crease of $80, ury balance, which stood at $86: the opening of the year and at $ at the close. Resides the ordinary rev there were receipts on account of the pub- lic debt which the total income yallable in the ations of the gov- ernment to $4816 “0, while correspond- ing additi (o the ordinary expenditures brought the total on this side of the ac- ount 261105. nd created a defi- s the net result. do not include any £0,4K), the proceeds d beenn to come in before the though none were for- the treasury untfl after- of the receipts ts in- treas- 7.71 at uw nue SES, 549.00 i e wey of whiea of th 1 of Sis. 75, realized f the Union Pacific and ailroads, while, on the expenditures are incre ed lsbursed in the redemption d subsidy bonds. uits of the year's 1 by the changes The total of the sats of the $17. So the depart the actual of the tres due chiefly to the receipts from on the one hand, and to xpended advances to disbursing off In the on the chzracter of the other. assets there was such an improvement as to constitute a substantial gain in strength. The changes were Increase in gold and in deposits with national banks, while the losses were in silver and notes. With Insig- nifica the free gold, which stood 97 at the beginning of the year, continued to Increase unt It reached $181,240,3S8.81 on May 4, 188. After this, the extr by the w ordina: y expenditures caused + together with the depletion of the ot forms of cash, compelled the use of gold in current disbursy ments, nd drew down the treasury reserve, by June 1S, to $168.474,057 After that da the pro- of the n began to afford relief, and reserve grew rapidly, until it reached on October 7, 1898, the high- point this fi he has ever attained. of the situation have use of the coin in dis bursemefts, as had the inevitable result of diminishing the holdings, though only to an insignificant extent Ry forethought and ¢: n ample stock of notes of sui denominations was pro- vided to meet the demand for the annu movement of the crops, and the difficulties | presented by this task in former years have | been in large part avoided. Within forty | days after the Ist of September, Chicago alone was supplied with © Win s notes in exchange for r denomi ing the year and the amounts received from In the twelve months ended Septembe the salé of the Union Pacific and Kansas | Just the amount of outstanding. note Pacific ratiroads, the cash in the treasury | the denomination of $20 and under ine was | ased by the fo iz Sums: From | from $861,433. $9055,696 while the national bank fund depo: under act of | increase of the gold coin in circulation in July 14, 1890, “ss of bank notes re-| the same period, all, of course, of the like deemed, $¢ . and from the issue of 4 | denominatic amounted to $94,551,058, per een is in liquidation of interes making # total addition to such currency erued Fractional eu Total As compa ipts for There wa the ordinar: Tables sh both in rece ‘The reven current fisci the basis o! From customs. From internal From From milit naval the 1 estin detier It is isting | for the fiscal year customs: out internal a mbsee ‘The for the Judicial esta ign Inte Military Naval establi Judian aituirs Pensions Public works Legis War Depart Navy Department yepartme Departu’t of Justi Interior of the imate ame year, $2340, makin, The securities re August, 1861. . Iss) Iss} continued at rreney and potes.- red with the fi 1S0S increa Ss an increase Y expenditure rowing the ipts Fiscal Year 1899. nues of the ‘al year are fe of 7 thus est revenne, sited revenues. the nditures for follows ary ext eats mated expenditures... tof rlificate: sinking fund were increase nd expenditures, government for S COnY & a total of med on al as follow . $11,000 0 | 2.850 00 aly s detail in are giv the imated upon 000,000 00, 000) 00 11,000 00 000,000 00. Fiscal Year 1900. nated that upon the the revenues of the 00 will evenue nated revenmes.... period, as subm utive departments ment Miscellaneous— Legislative ......... $3, ‘Treasury Department. 1: 76 War Department... 5,589,209 00 Interior Departwent.. 2,429,613 20 Departm't of Justice, 5,001,012 00 District of Columbti Postal servic defie! Permane Interest deb Tretia 2 intern: Collecting e, ‘ney ip postal revenues. t annual appropriations— + 7,230,808 07 including $4,265,888 the revenue basis of ex- government 000,000 00 000,000 00 © 20,000,000 00 112 00 of appropriations required fitted by the and office: Se BBE @ASElaEe eRe § \ 56,927,080 17 37,314,203 85 105,224,000 00 60" | 00,000 00 | | | | | ity of of $131 Although 208,096. the het gold in the treasury during the past year has excceded the needs of the government, having beev greater, both absolutely and in proportion to other moneys, than ever before, it. w found possible, up to the middle of Octo- ber, to accept gold coin to the extent of over fifteen millions of dollars in exchange for notes of smatl denominations, which were needed to facilltate the business of the sountr, he it s first proceeds of the popular loan of $20,000,000 were received on the ith of and from that date forward the in- of money from this source has been id and constant. The total amount re- ceived up to November 1 was $195,444, 187. With the object of averting the possibil: financial stringency, which might have been apprehended as the result of the in upon the currency in circulation, the payment of the interest due October 1 on the 4 per cent loan of 1907 was anticipated, the maturing coupons being made payable on September 10, while the checks for the interest on the registered bonds were sent out September 20, Like anticipation w also made in the case of the interest fall- ing due ember 1. The total amount of the payme thus advanced was $9, 116.85. With like purpose, under the cular of September 3, 1898, the Pacific rail- road bonds, which will fall due on Ja uary 1, 18H), amounting to $14,004,560, were made yable, principal and interest, in full, with a rebate of one-half of 1 | per cent. It was also directed that a large share cf the proceeds of the popular loan be deposited In national banks, so that these funds, while at all times available for use, might, needed, remain in the channels of t ‘The deposits In national nks were th eased b10.88 and Octobe: these measur in all respects satisfactory COINS AND COINAG The director of the mint, in his report for the fiscal year d June 30, 1898, shows in detail the operations of the institutions under his charge, and also statistics of coinage, production and monetary condi- tions of foreign countries, The receipts and deposits of bullion at proved mints and assay offic oti the re- deposits, aggregated which $198, 74¢ 769.31 silver. The deposits of gold were greater than In any previous year of our bistory. In but one other year have the original deposits exceeded $100,000,000, the exception being the fiseal year ended June 30, 1881, when they were $180,833,102.45, Silver bullion purchased under the pro- visions of section 3526, Revised Statutes of the United States, for coinage of subsid- fary silver aggregated 193,522.30 fine ounces, costing $107,741.28. Including the balances on hand at the mints July 1, 1878, the net selgniorage on the coinage of silver from that date to June 30, 1898, was $88,182,815.37. Of the minor coins manufactured during the year, $1,148,238.81 were from new ma- terial and $341,245.30 from old and uncur- rent minor coins transferred from the treas- ury for recoinage. The amount of minor coins transferred for reissue was $198,900. The total amount of minor coins out- standing July 1, 1898, was $27,311,402.01. During the fiscal year there were manu- factured gold bars of the value of $92,-. 187,391.67, and silver bars, $7,667,887.90. ‘The highest quotation for silver 0.925 fine during the year in the London market was 27% pence, equal to $0.60831 per ounce fine in United States money; the lowest quota- == tion was 23% sener.-nqulva’ent: to pss. The average price for the year was 255-16 pence, equivalght to} 9). The bullion vaiue of the United States standard silver dollar, at the highest price for the year, Was $0.47040, and at the lowest, $0.40055, {ana at the average price, $0.446)7. The commercial io of geld to silver at the average palce was 1 to 25.81 The numberof grains of pure silver at the avecage price that could be pur- chased with a United States si.ver dollar Was S32.20, equiyaleng. to 1.74 fine ounces. The expenditures necessary to maintain the various inatitutions connected with the mint service during the fiscal year were $1,283,133 02. o same neriod were $4.6 surplus of earnings $3,432,664.04, , 5. showing a er exnenditures of Imports and Expor' The net imports of gold during the fiscal year were $104, as against $4,609,841 24,822,146, as fiscal 5 for the previous flver consumed in United States was 1d ba] 2 lue of gold and rial by during the calenda $11,870,231, t r year 1807 silver, coining va.ue, 70, a tote ‘There were consumed in new mater: the manufacture of these bars, gold, $ S22; silver, $9,200,4! The tctal metallic stock in the United States on 514,780; 499,1 July iver, Gold, §861, a total of $1,- Production of Gol | Silver. The ated production of the precious metals in the United States during the cal- endar year 1897 was: Gold, valued at $57 363,000; silver, valued at $32,316,000, he estimated production of tne precious Is in the world during the calendar year 1897 was: Gold, valued at 800; silver, valued at $108,S57, World's Coinage. The total coinage of gold and silver by the various countries of the world during the calendar year 1807 was as follow Gold Silver Total The total aper in the » IS9S, w stuck and uncovered as estimated on Janu- metallic world, $4,611,000,000, 00.000 701,400,000 r silver silve Vite tende stal metalli stoc Uncovered paper Grand total. Legislation Recommende Wastage.—Section 3542 of the Revised Statutes Imits the amount allowed for stage by the operative officers in ‘the mint service In the cage of the melter and refiner to one-thousandth part of the gold and two-thousandths part of the silver, and in the case of the coiner to one-half-thou- sandth part ef the gold and one-thousandth part of the silver, delivered to each. Ex- perience has demonstrated that one-half of this allowance would be ample to cover the necessary loss involved in their operations upon these metals. It has previously been suggested that the legal allowance be re- duced accordingly, ind the recommenda- tion is repeated. Foreign coin.—The amount of foreign gold coin deposited“at tne mints and a: ay of fices during the year was $47,210,078. Under the Jaw these coins’ cannot be paid out a but must be melted. If the Seer of the ‘Treasury were permitted, in his cretion, to hoid these deposits, he could fre- quently use them to supply the demand for gold for exportation, instead of delivering domestic coins or bars quently goes abroad an in foreign treasuries. every foreign coin ved our ury should be imperatively required to be melted. Silver coinage.—The- only provision of law now existing by ny increase in the st actional coin in the country can be that . Rev. Stat.) au- thorizing the purc of se of the smail amount ned in and separated from Mount of silver thus obts ym gold deposits was IS4.995.39 tine sch would be sufficient to coin 5.000 of aur fractional coin. ‘This inadequate to meet. the ral de- has been in the past a large stock of fractional coin in the treasury, ac- cumulated after the resumption specie bayments. uring the period of paper money our stock of silver ¢ oried last vunces. about princip: to Central a an countries, where it pass: but upon umption of specic and th age of the act of June 9, providing for the mption of fra ional silver at its face value, these coins returned in such quantities that. with the new coin- executed, the fractional silver beeame dundant and accumulated in the treasur the last te orbing that s.ock 31500000 to SZ he country has b at the rate of from MW) Per year, and this year the demana has been exceptionally strong. The amount of fractional silver n held by the treasury J v1.00; on July 1 + at pre 122.506, much jot which to be unfit for cireuta ‘ mount available, distributed among the several subtreasuries, gives but small stock to each, and some denomination: exhausted. The Secretary ‘of the Tr should be authorize d to recoin this unc rent stock, and such coin wich may hereafter accumulate in the treasury, the difference between its face value and the new ce nit will make to be in the treasury Furthe » to add to the paid out of any not otherwise ap- Provision should be stock of fractional coin, to that end it i d that the peretary of the Trea: iry be authorized to any silver bullion now in the treasury the coinage of such denominations 28 may be required from time to time to meet the demand from the differ tions of the country, Wich an eve asing popu- lation, which will he added to in the near future by the acquisition of additional te ritory, the demand for f silver coin ch SS ally neces 5 hould be increased. Discontinuance of Carson and St. assay office.—The t deposits of gold at the Carson mint during the last ul year were of the value of only $530,- The expense of conducting the in- stitution was $37,578.41, in addition to which the government paid ‘the express char: on the bullion to the San Franctseo m in preference to conducting coinage opera- tions of sob With so small a supply. The cost of maintaining the institution w: therefore above 7 per cent of the value the gold handled there, product of Nevada in the calendar year 1807 was $2,976,400, from which it appears that four-fifths of the product of that state are more conveniently deposited elsewhere n at Carson, and it may he inferred that the remainder might go to other places without serious inconvenience to the pro- ducer. ‘The deposits now made at Carson could be received and treated at the San Francisco mint without increasing pense of the latter institution to $1,000 per year. Tt therefore, for of The total gold 7 c mended that the mint at Carson be discon- som- linued. If it is considered desirable to con- tinue an assay office there, and the insti- tution can be relieved of the care of the silver dollars now on storage in it, tue annual outlay cam be reduced te about $12,000, The assay office at St. Louts received dui ing the last fscal year gold deposi amounting to $105,960.98, and in the pre- vious year $07,93 . In each case old jewelry furnished one-half of the sum. ‘The office is scarcely of sufficient import- ance to the mining industry or to the gen- eral public to warrant the expense of main- taining it, which last year was about $4,700. The saving which might be made by abol- ishing this office and the mint at Carson would assist In meeting the new outlay incurred by establishing an office at Sea:- tle. Building for Seattle assay office.—The as- say office at Seattle, during the first four months after opening for deposits, has received $5,478,550 worth of gold. It is probable that it will be one of the most important offices of the gint service. It is now located in a rented Building, without such provisions for the safe keeping of treasure as ought to be provided. It is, therefore, recommended that Congress pro- vide for the ereetion of a suitable building there for the assay office. An appropriate building can be provided at a cost of not over $50,000. Deficiencies in the bullion accounts of the mints.—Attention is respectfully called to the deficits in the bullion accounts of the mints at San Francisco, Philadelphia, New Orleans and Carson, amounting in the ag Bregate to $530,681.67. The amount of the deficit in the accounts of the mint at New Orleans is $25,000, and is alleged to be due to the destruction of 4 that sum ia The earnings from all sources during the | thei vault in June, 1893. The deficit in the accounts of the mint at | $1,050,903,506 in stm | 1882, ~m- | Mon-doliar line. Philadelphia is $13,543.82. Of thts $12,810.82 is a balance of gold bullion bezzled by the weigh clerk in 1893, not re- overed, and $7383 a shortage found in the coun: of silver doHars on storage. The deficit in the bullion accounts of the mint at Carson is $75,549.75, and is due to the embezzlement of that sum by former employes in the melier and refiner's office, and was effected by the abstraction and a substitution of netal of Iow fineness In gold | for met of a higher fineness. sh clerk of the mint at Philadet- aren at me Carson mint are now undergoing terms of imprisonment for their crimes. 2 Ge sed as unavail- tion, year after ny Kind ts objectionable. nt_are gone be- of recovery. it h the accuracy which > good bookkeeping an‘ and the example of » government should intain that thes which are not such in any sense word, should be kept on the books for ng from five to more th It is recommended that Con- lieve the treasurer of the United and the respective mints from car the amount of these deficits in their count BUREAU OF EN > amount yond reasonable does not campc should charact l-ordered ¢ oS the pe forty gre: Ss AND PRIN RAVIN ING, If any justification were needed for the maintenance f an establishment of this kind in connection with the Treasury De- partment, it was fully supplied by the prom manner in which the bureau fur- nished the stamps and securities required under the war revenue act. This act was ‘upproved June 13, 1898, and took effect {m- medi upon its p: to the change of tax on beer, tok cigarettes and snuff, thus prac ¥ three-months’ stock of stamps in t of collectors of internal revenue and commissioner of internal revenue, the besides completed and incompleted work in the bu- reau, It is desired to emp! for an appropriation for a substantial brick outbuilding for the bureau, to take the place of the temporary wooden sheds now used. This matter has heretofore been call- ed to the attention of Congress, and full ize the necessity explanation of the n ty for the appro- priation has been in the annual re- of the Secretary for a number of PUBLIC The momentary tran: ernment have been conducted through thé ur urer of the United States, nine sub- treasury officers and 194 national bank de- positaries., The amount of public moneys held by them on June 30, 1898, including those to the credit of the treas Tnited Stat ne beginning of the present fiscal r deposits on account of the new 3 per cent war loan have been received to the mount of $20,000,000, and in order to avoid a dangerous stringency which might be -d by a too rapid absorption of funds into the treasury, a large number of national banks we! ignated, under sec- tion 5153, Revised Statutes, as depositaries of public’ mo: public funds deposit- ed therew emporarily, thereby increas- ing the holdings of such depositaries to an amount exeeeding $90,000,000, NATIONAL BANKS. During the existence of the national bank- ing system up the of the year ended Octobe , 1898, national banks were organized. The number in operation fations, 1,194 Of the closed ass were placed in voluntary liquidation by the shareholders, and 359, insolvent, in charge of recei On 1s 5 were in d During the past year fifty-siy ized, sixty-nine placed in voluntary liq en f , inchuc banks liquidation, above making net reduction during of nineteen 1 The auth on : nd sc in sion, red that period banks the of nd lawful money de pasurer of the United States on ac- count of liquidating and insolv associa- tions, and tnos ueing circulation. A compari of cireulat ount on ober 31, 1 with ¢ rol, 1897, shows an increase of 39,582,771 in the total Amount of circulation outstanding, and of circulation of the corpora we Charter corporate stone capital aggre- hre of whlen of them porate ¢ ed, a.though der different twenty-ty ng to $3, nee two title ired, liquida corporate © lation of the 1,134 banks, the charters of which wiil expire dur the ten years ending with 1908, amount, y, to $1 capital of the si in voluntary liquidatio: clusive of that of the one subsequenti a amounted to $ ven insoly Phe last reports of condition of the 5 national ba ane 20, 1808, show tha since October vans and disc have increased and they now aggregate Government securities on hand and deposited with the treasurer of the United $i to secure circulation and public deposits amount to $ an iner: Gold holdings have incr , but, owing to the reduction of th amount of currency cer- the net inc e in amount of and other lawful money is but $31 the total currency held amount- The banks’ individu- risen to $2,081,454,540.29, te! an increase during the year of $178,10% 411.79. The surplus and profit’ accounts have increased 18,205.60. The reduction of twenty-five in the number of reporting banks Is accompanied by a reduction of $9,- 970,200 in capital and $4,436,904.50 in circu- lation. The aggregate resources of the and banking institutions incorporated der state authority, including those of anks and bankers, amount to $4, loans and discounts, $2,480,S74,- s, $3,664, 16. Combin- ing these amounts with similar items in the national bank statements, July 14, 1898, the following results are shown: Aggregate re- s0 $8,609,008,802; loans and discou: $4, M5, and deposits, $5,741,023,87: 145 banks un- Loans and Curreacy. ‘The interest-bearing debt July 1, 1897, in- cluded unmatured United States bonds out- standing in the amount of $847,320,000. No material change appeared in the debt state- ments in the fiscal year ended June a 1898, but on June 13 a circular was pub- lished inviting public subscriptions for $200,- 000,000 3 per cent bonds authorized by the act of June 18, 1898. ‘The public response to this invitation was not confined to any section of the country. The changes in the amounts of the several kinds of money in the United States, outside the treasury, between November 1, 1897, and November 1, 1898, are shown in the following table. The estimated population of the United States November 1, 1897, was 73,461,000, and the per capita supply of money outside the treasury was $23.23. The estimated population and per capita supply of money November 1, 1898, were 75,059,000 and $24.87, respectively. FOREIGN COMMERCE. The foreign commerce of the fiscal year 1898 in many respects has been phenome- nal. The exportations of the products of both field and factory~ excéeded ‘in’ vatue those of any preceding year, and the grand total of exports was the largest ever re- corded. For the first time in the history of our foreign commerce the year’s exporta- Theaters, ents, Tree “Stocking” Pres- Omaments, Serap- book Pictures, Pa Cherubs, Fairies, Masks, s y | “3 °, Girls’ ‘ 48 Candles for 10c., 5e.; Fence. oe AND SEE Gould's Wonder Store, 421 9th at. i icy by fire in the cashier’ val tievs averaged mere: than $160,000,00>. ver! {| month, the total being $1,231,482,330, against | i | history of our foreign commerce 1807 and $1,090.278,148 in no other years having reached the bil- Of our domestic exports, the value of agricultural products was $858,0K3,570, sur- passing by $64,355,338 the highest record ever before made, that of 1892. Our manu- facturers aleo made thetr highest record of exports, those for the year being S20, 697,354, against $277.285,091 in the preced- ing year. For the first time also in th the ex- ports of domestic manufactures were great er than the imports of foreign manufac tures, while the total exports of the year Were twice as great as the total imports a condition heretofore unknown, the tral balance in our favor being more than twice as great as that of any former year. The prices realized on nearly all import- | ant articles of export were higher than in the preceding year, the notable being cotton and mineral oils, which the production in the the world's chief produe exceptions in each of United States, rt of these article has been in the past few years phenom. enally large. thus affecting the prices abroad, as well as at home. Jn importations the y equally remarkable foreign imports being vious year, with a si r has shown rd, the value 's than i le ex. has tn though the populatic: cent reased 30 per tame. The total imports » but $616, 4 in value, against $ in the preceding year, and $779. ar earlier, The falling off was most entirely in manufactures and art of food. The importation of woolen manu- factures was $14,823,771, against $4,162, 2 In the preceding year: of cotton goods, 267,500, against $34,429,383 in manufactures of tron and steel, 81 since that against $5,008,868 in ate. $3,800,148, against § preceding year, ars record ef the imports and ex ports of the precious metals was also an unusual one. The importations of gold were greater then in any preceding year in the history of the country, and the exports smaller than in any year in the present de- cade. making the net {mportattons the largest ever known. The total Imports of gold were $120,301,674 and the exports $1 and of tin vp 688 in th The 406,391, the net imports being $104,985,2K3, the largest in any preceding year being $97,466,127 in IS81, while on orly twelve pre- vicus occasions since 1850 have the Imporis of gold equaled the exports. imporiation of stiver, into the country lion, amount, against $i 1896, While the « amounted to $55.10: 46,888 in the preceding year. This Satisfactory condition of our foreign trade extended to our commerce with prac- tically every nation and all the great geo- ical divisions. Our sales to Europ increased $160,420.001, while our pur- chases from that section of the globe < creased $1 4; and to all the great car's The most of which comes and base bul- value, 186 In ar in lead to $30, in of the in value, ai- visions, anica, there was an in- creased sale, and from all, except Asia and Oceanica, Our exports to Asia show a gratifying gain, those of IN@8 having boon $t Ol. against 630,029 in 1896 and $11.0 2 in 1880, thus having quadrupled since 1880, and nearly doubled within two years. CUSTOMS. itention is invited to the recommenda- tion contained in my last annual repor’ for the reorganization of customs districts and the discontinuance of useless ports. Every business consideration demands that a reorganization of these districts should be effected, and the recommendation is re- newed. During the last fiscal year the spectal agents have examined the conduct of cus- toms business and the personnel of the cus- toms vervice in 86 customs districts and in- dependent porte. They have recommended many reductions in the expense of main- taining the customs service, some of which have already been approved by the depart- ment, while others are still under considera- tion. The special agents are usually called upen to report on proposed increases in the expenses of the service, and their re- ports aid greatly in economical admintetra- tion, Operations of the Tariff. Domestic Industrial enterprises are un- questionably benefited by the tariff act of IS8v7, designed as well to encourage home industries as to increase the revenues of the government. By reason of the fact that importers, anticipating the passage of the act referred to, provided themselves with large stocks of merchandise of every description, the tariff of 1897 cannot be re- garded as fair 2 receipts im- foliowing its passage. As an il- of the correctness of this view it may be stated that during the first four months of the fiscal year 1899 the receipts from customs (exclusive of the duty on t vided by the war-revenue 80, which is $4.6 receipts for a simi co 188: reciprocal commercial agreement has n entered into between the United States nd France, under the provisions of 3 of the tariff act of 1897, and negotia- a similar object in view in <s with other countries. Undervaluations. Special efforts have been made during the past year to 4 d prevent undervalua- tions, and 1 ed that much been accomp nat direction. practice which many foreign manufacturer and whclesale dealers have resorted to of consigning their good agencies in this country at prices, in many instances, far below the actual market value, has proven sv profitable that in cer- tain lines of goods sales have been refused to our American merchants in the foreign market, and they have been compelled to buy of the consignee of the forcign house in this count During the past ra special officer of the department was sent to Europe for the purpose of thoroughly investigating the methods of manufactu st of production and the manner ef in- voiding a certain line of goods sent to this country almost exclusively on consignment, and which, there was Treason to believe, was largely undervalued on importation, but concerning which accurate data could w) amount in ex: 1 in peri oy are not be obtained here. As a result of his Inquiries, it war ascertained that the prac- tice of invoicing the goods “ut prices far below the actual! foreign market value was generel among manufacturers and shippers, and in a number of instances the goods were invoiced below the cost of production. Efforts are being vigorously made to p vent the abuses resulting from the system above referred to, which not only entails logs to the revenue, but results in Injury to honest importer: Board of General Appraisers. The board of general appraisers repr that during the past year its office received 16,969 protests on classification, 3,464 ap- peals to reappraisement by one general ap- pratser, 1 appeals to reappraisement by a board of three general appraisers, and 284 protests against rejection of teas, and has decided 19,213 protests on classification, ppeals to reappraisement and 278 tea prote: The board adds, in its report, that— , “The habit of undervaluation is still y sistent, especially in consigned merchan- dise.”” Sale of Liquor in Alaska. The enforcement of the law governing the importation, manufacture, and sale of in- toxicating liquors In the territory of Alaska is so difficult, and the subject of so much importance to that rapidly developing coun- try and to the government, that it is treat- ed of at greater length than otherwise would be justified. The remedy for the situation, it is be- lieved, may be found in the repeal of the present laws and the provision by Congress of a high-license system for the territory. It has been demonstrated that the sale of Uquor in Alaska cannot be effectually pro- hibited under present regulations, by rea- son of the almost untversal adverse public sentiment, and it would seem, therefore, the wiser course to confine tt within sueh bounds as would insure its regulation by the government. Seal Herd. Since the passage of the act of December 29, 1897, prohibiting the taking of Yur seals by citizens or subjects of the United States, or the fitting out in the United States of any vessel for the purpose of taking seals in the waters of the Pacific ocean north of the thirty-fifth degree of north latitude, there has been no pelagic sealing in the prohibited area by any vessels safling under the flag of the United States. Since the passage of the above act only one American vessel has taken pelagic skins from the so- called Alaska herd, and as the vessel had cleared from this country prior to the pas- $58.2) for men’s t 25 for men’s $12.59 Dress Suits For tomorrow only— men’s $12.50 black x worsted suits for $8. 28. They’re our own make £ —perfect fitting and tailored in our usual gocd fashion—and the $ entire suit will only cost : $8.25 tomorrow. Choice of three styles —single-breasted sack, double-breasted sack or . cutaway. Be sure and come to- morrow—don’t miss 3 this chance to buy a dress suit for as littie as a business suit ordinari- SEMAN BROS! COR.7Y ann E $ Pa eetetececneoeedecedetecnnnsntetetedecedetos li See a es a ss cit a nicesees sessacsdbouseeoneseeenioness sage of the act, and her log showed all skins taken south of the thirty-ffth dear her catch of one male and 385 female skins Was allowed entry at San Francisco The British sealing fleet, however continued its operations during the | pa: year, both on the northwest t and in Bering sea. From the copy of the approved minw of the Canadian privy counct! transmitted to this government : ance with the appears ed on spring, as in provisions of the Paris that 30 British sealing the northwest coa compared wit it British sels sealing during the spring previous ch during the spring of 180s In total uding a canoe catch by as against 6,100 skins by the same fleet during the which number includ ac 1,018. This would give an average « schooner for the spring of IS9% of aS against an average catch of cach vessel during the spring of 189 an in- d catch per vessel of r 1 per cent. The number of Kritish veesels seal- ing in Bering sea, or thefr catch there. dur- ing the past summer, is not known, the re- ports from the British government. upon that subject not having been recetved Th reason for this greatly increased spring catch as compared with last year cannot be found in an increase in the num- rs of the Alaska herd of seals, but in the act that the former American flvet no long- in ports which have partment from Sp a given are jal Agent Murray. late in ct al islands, and from Mr C. H. Townsend, an assistant to the com- missioner of fish and fisheries, detailed the seal islands during the past summer te the condition of the rookeries, show a most apparent decrease in the number of seals frequenting the islands. From the re port of Mr. Murray it appears that, owing to a scarcity of seals, only 18,047 young male seals could be killed out of the quote of 20,000 allowed, and that the number taken was secured only after every effor had been made to obtain the full quota. In 1897 21.013 seals were killed on the islands and their skins accepted. The only hope for the preservation of the Pribilof Islands herd of seals, tt 1s believ lies in the complete cessation of pelagic sealing. With this and ihe breeding females allowed to bring forth thelr young without molestation from deep- hunting. bring about a rei ion of the 1 restore a valuable ind 5 mportance. INTERNAL receipts somplished, a natural causes will of roo! REVENUE. from the s nternal ded Jun: The uxation for the th ISMS, were eral objec r the un 1 years as follows: 09 OTL NRO'T 2 5 —;* | 4 y 2 = ba € 5 ée & = & Since thi date of the last report effect has becn given to the requirement of the act approved February 20, 189%, in to securing competitive designs for buildings, by inviting competiti for court house and post office office, custom house ; immigrant station, New York harbor, and cont entered into for the prena ings, specifications, ete. relation public design st ts have be tion of draw- forming the basis (Continued on Thirteenth Page.) Pale, Thin People, Sufferers From Want of Nourishment. There is a good reason why so many people are thin and pale—be- cause the food they eat does not di- gest properly. Thin, pale people are not healthy. How to become healthy and gain in weight: By changing your diet. Eat more starchy food... Take Johann Hoff's Malt Extract to aid digestion. Johann Hoff's Malt Extract is a food in itself, and aids the digestion of starchy foods. Take Johann Hoff’s Malt Extract with your diet. It will increase your appetite and build you up in a short time. Jo- hann Hoff’s Malt Extract makes flesh and blood. Johann Hoff, New York, Berlin and Paris. .